Why Cava stock plummeted 18% this week
CNBC Televisionยท2025-08-15 21:30
It's been a rough few days for Cava stock. Shares nosedive this week after the restaurant chain lowered its fullear forecast for same store sales growth and reported second quarter revenue that fell short of estimates. Shares fell 18% this week and the stocks down nearly 40% this year.Cava managed to buck the industry trend of declining same store sales in Q2, but not nearly up to the amount it wanted. Same store sales, which is a metric that tracks the performance of restaurants that have been open for at ...